22. Which of the following is not included on the statement of changes in stockholders’ equity? a. Dividends b. Capital invested by the owners c. Capital returned to the owners d. Total assets
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- Cash dividends declared out of current earnings were distributed to an investor. How will the investors investment account be affected by those dividends under each of the following accounting methods?Which is a component of stockholder's equity? a. Sinking funds b. Deferred charges c. Accumulated other comprehensive income d. Realized capitalLiquidating dividends are credited to a. incomeb. Retained earningsc. Investment accountd. share capital
- 5. How is the treasury share account presented in the Statement of Financial Position? a. deducted from accumulated profits b. deducted from shareholders’ equity c. part of reserves d. current asset23.Which of the following would not be found on the statement of changes in stockholders’ equity? a. Net loss b. Proceeds from the sale of bonds c. Sale of common stock d. Payment of cash dividendsWhat are the distributions to the stockholders by a firm called? A. retained earningsB. net incomeC. dividendsD. capital payments
- For each item below, indicate to which category of elements of financial statements it belongs. (Asset, liabilities, equity, none of them) a. Retained earnings. c. Share Premium. e. Depreciation. g. Interest payable. i. Gain on sale of investment. b. Sales. d. Inventory. f. Loss on sale of equipment. h. Dividends. j. Issuance of ordinary shares.Questions: 1. Return on total assets 2. Return on common stockholder's equity 3. Book value per shareIdentify which one of the following will be recorded in statement of changes in equity: a. Interest received b. Dividend received c. Tax paid d. Dividend paid
- 8. Realized gains and losses on investments available for sale are reported a. as a current assetb. on the income statementc. on the balance sheet as part of stockholders' equityd. as a contra assetFor each item below, indicate to which category of elements of financial statements it belongs. a. Retained earnings. b. Sales. c. Additional paid-in capital. d. Inventory. e. Depreciation. f. Loss on sale of equipment. g. Interest payable. h. Dividends. i. Gain on sale of investment. j. Issuance of common stock.Dividends in arrears on preference shares are reported in the financial statements as a (an) a. liabilityb. reduction from Retained Earningsc. reduction from Retained Earningsd. expense